The IHS Markit Vietnam Manufacturing PMI fell to 45.7 in August 2020, the lowest since May, from 47.6 in July, amid a resurgence in local COVID-19 infections. Both output and new orders fell for the second month in a row, and to greater extents than were recorded in July. Data also pointed to a sharp reduction in new export orders, and one that was faster than that seen for total new business, while a fall in employment was among the strongest on record, and a faster drop in purchasing activity was also recorded though the rate was still much weaker than April's record. Meanwhile, the impact of the pandemic was central to another lengthening of suppliers' delivery times. On the price front, input cost increased for the third month running, albeit at only a slight pace that was slower than the series average. Meantime, selling prices have now fell in each of the past seven months, with the latest fall the fastest since May. Lastly, sentiment weakened.
Manufacturing PMI in Vietnam averaged 51.11 points from 2012 until 2020, reaching an all time high of 56.50 points in November of 2018 and a record low of 32.70 points in April of 2020. This page provides the latest reported value for - Vietnam Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Vietnam Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Markit Economics
Manufacturing PMI in Vietnam is expected to be 45.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Vietnam to stand at 51.00 in 12 months time. In the long-term, the Vietnam Manufacturing PMI is projected to trend around 51.00 points in 2021 and 53.00 points in 2022, according to our econometric models.